More Jobs, But Fewer Hours and Lower Wages

Small businesses are creating more jobs, but at what cost?  A recent survey found that although small businesses now have more employees on the payroll, the employment positions the companies offer are often less desirable than they used to be.

A recent study by Intuit found that 55,000 jobs were created by small businesses in November.  The survey, which polled 71,000 businesses with under 20 employees, found that there is a downside to the increase in the quantity of jobs.  According the study employees’ hours were decreased and wages were cut.  The average work week of workers polled dropped .3% since October to 24.9 hours.  In addition the average monthly salary in November was $2,637, down .18% from last month.

Small businesses continue to help the economy by creating employment opportunities, however this past month hours and wages of small business employees declined.  Have you noticed a change in your small business.  Tune into BIZ TV to learn more about who to hire, how to keep employees satisfied, and more.

Advertisements

About BizTV

BizTV is the home for your business. Whether you're an entrepreneur, small business owner or just managing your family's assets, BizTV can help. Find the resources you need to manage your money, start your latest venture or grow your business. BizTV, It’s Your Biz!

Posted on November 30, 2011, in Uncategorized. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: